Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Monster Beverage Company's fourth quarter of 2023 was highlighted by record net sales of $1.73 billion, a 14.4% increase compared to $1.51 billion in the same period in 2022.</li><li>Gross profit for the quarter was 54.2% of net sales, up from 51.8% in the fourth quarter of 2022.</li><li>The increase in gross profit was primarily driven by pricing actions, lower freight-in costs, and decreased input costs.</li></ul>

Monster Beverage Company's fourth quarter of 2023 was highlighted by record net sales of $1.73 billion, a 14.4% increase compared to $1.51 billion in the same period in 2022.Gross profit for the quarter was 54.2% of net sales, up from 51.8% in the fourth quarter of 2022.The increase in gross profit was primarily driven by pricing actions, lower freight-in costs, and decreased input costs.

Monster Beverage Corporation: Increasing Global Market Share & 5 Other Factors Catalyzing Growth In 2024 Or Beyond! - Major Drivers

<ul><li>Monster Beverage Corporation delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.</li><li>Monster Beverage and its management recently acquired assets, notably Bang Energy drinks and a beverage production facility in Phoenix, Arizona.</li><li>The company achieved the purchased inventory's fair value, impacting gross profit by approximately $7.8 million during the 2023 third quarter due to the Bang inventory step-up.</li></ul>

Monster Beverage Corporation delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.Monster Beverage and its management recently acquired assets, notably Bang Energy drinks and a beverage production facility in Phoenix, Arizona.The company achieved the purchased inventory's fair value, impacting gross profit by approximately $7.8 million during the 2023 third quarter due to the Bang inventory step-up.

Monster Beverage Corporation: Quenching the Thirst for Success - Record Earnings Despite Challenges! - Major Drivers

<ul><li>Monster Beverage Corporation generated below par revenues in the last quarter and its earnings were on par with market expectations.</li><li>The rise in gross profit as a percentage of net sales was primarily due to price actions, lower freighting expenses, and higher aluminum can costs.</li><li>Besides that, the company introduced The Beast Unleashed in the quarter.</li></ul>

Monster Beverage Corporation generated below par revenues in the last quarter and its earnings were on par with market expectations.The rise in gross profit as a percentage of net sales was primarily due to price actions, lower freighting expenses, and higher aluminum can costs.Besides that, the company introduced The Beast Unleashed in the quarter.

Monster Beverage Corporation: Can The Bang Energy Acquisition Become A Growth Driver? - Major Drivers

Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

<ul>
<li>Qualitative factors and key metrics suggest that Monster Beverage Corporation presents a GARP opportunity.</li>
<li>The company is growing at scale and holds down a significant part of the energy drinks market.</li>
<li>The generational consumer shift into stimulated drinks lends researchers much scope to delve into the prospects of Monster Beverage Corporation (<span class="ticker-hover-wrapper">NASDAQ:MNST</span>).</li>
</ul>


Qualitative factors and key metrics suggest that Monster Beverage Corporation presents a GARP opportunity.
The company is growing at scale and holds down a significant part of the energy drinks market.
The generational consumer shift into stimulated drinks lends researchers much scope to delve into the prospects of Monster Beverage Corporation (NASDAQ:MNST).


Monster Beverage Corporation: Still A GARP Opportunity

<ul><li>Monster Beverage Corporation managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>The improvement in gross profit as a proportion of net sales was due to pricing actions, lower freight-in expenses, and lower aluminum can costs.</li><li>We give Monster Beverage Corporation a 'Hold' rating with a revised target price.</li></ul>

Monster Beverage Corporation managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.The improvement in gross profit as a proportion of net sales was due to pricing actions, lower freight-in expenses, and lower aluminum can costs.We give Monster Beverage Corporation a 'Hold' rating with a revised target price.

Monster Beverage Corporation: Growth In Mother Brand & Reign Driving The Company Forward – Key Drivers

United States

Monster Beverage Corporation is a holding company based in Corona, California. The Company, through its consolidated subsidiaries, markets and distributes energy drinks worldwide.

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Monster Beverage (MNST US)

Monster Beverage Corporation: Quenching the Thirst for Success - Record Earnings Despite Challenges! - Major Drivers

Monster Beverage Corporation delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass...

Baptista Research

Monster Beverage Corporation: Can The Bang Energy Acquisition Become A Growth Driver? - Major Drivers

Monster Beverage Corporation generated below par revenues in the last quarter and its earnings were on par with market expectations. The rise in...

Baptista Research

Monster Beverage Corporation: Still A GARP Opportunity

The generational consumer shift into stimulated drinks lends researchers much scope to delve into the prospects of Monster Beverage Corporation

Pearl Gray Equity and Research

Monster Beverage Corporation: Growth In Mother Brand & Reign Driving The Company Forward – Key Drivers

Monster Beverage Corporation managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. The improvement in...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Monster Beverage Corporation: Increasing Global Market Share & 5 Other Factors Catalyzing Growth In 2024 Or Beyond! - Major Drivers

Monster Beverage Company's fourth quarter of 2023 was highlighted by record net sales of $1.73 billion, a 14.4% increase compared to $1.51 billion...

Baptista Research

Monster Beverage Corporation: Quenching the Thirst for Success - Record Earnings Despite Challenges! - Major Drivers

Monster Beverage Corporation delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass...

Baptista Research

Monster Beverage Corporation: Can The Bang Energy Acquisition Become A Growth Driver? - Major Drivers

Monster Beverage Corporation generated below par revenues in the last quarter and its earnings were on par with market expectations. The rise in...

Baptista Research

Monster Beverage Corporation: Still A GARP Opportunity

The generational consumer shift into stimulated drinks lends researchers much scope to delve into the prospects of Monster Beverage Corporation

Pearl Gray Equity and Research

Monster Beverage Corporation: Growth In Mother Brand & Reign Driving The Company Forward – Key Drivers

Monster Beverage Corporation managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. The improvement in...

Baptista Research